Here’s Why the Solar Industry Faces Another Shakeout
With an up and down attitude toward solar power (NYSE:TAN) on Wall Street, solar panel manufacturers are watching their 2008 heights continue to fall.
Solar manufacturers are facing a very tough year with 70 percent increases in production capacity on 20 percent demand.
“We’re in a solar shake-out phase right now and it’s going to gain full force in 2012,” said Angelo Zino, a solar power analyst for Standard & Poor’s Equity Research. “Our belief is that China-based manufacturers will pretty much do anything in their power to take market share, even if it means sacrificing near-term profit, to drive competitors out of the industry.
Solar stocks (NYSE:TAN) to watch closely: First Solar Inc. (NASDAQ:FSLR), Suntech Power Holdings (NYSE:STP), Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE), LDK Solar Co. (NYSE:LDK), Canadian Solar Inc. (NASDAQ:CSIQ), JA Solar Holdings Co. (NASDAQ:JASO), MEMC Electronic Materials(NYSE:WFR), and GT Solar International Inc. (NASDAQ:SOLR), SunPower Inc (NASDAQ:SPWRA) and Trina Solar Limited (NYSE:TSL).
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